Sec. 128.407. - Participating independent agencies.

(a) The Division may elect to purchase insurance policies for the Miscellaneous Insurance Program that, upon request of a Participating Independent Agency and at the discretion of the Risk Manager, includes coverage for said Participating Independent Agency. (b) If included in the Miscellaneous Insurance Program, the Participating Independent Agency shall be responsible for the portion of the premium attributable to its inclusion in those insurance policies. Any surplus of funds chargeable to a Participating Independent Agency shall be retained by the Division in Division Retained Earnings. (c) The Division shall charge the cost of payment back to the Participating Independent Agency to the extent the Division pays any deductible or self-insured retention on behalf of any Participating Independent Agency. (d) If a Participating Independent Agency elects to withdraw from its participation in any insurance policy in the Miscellaneous Insurance Program, the Participating Independent Agency must give notice of such intent to withdraw, in writing, 90 days prior to the expiration of the insurance policy at issue. (Ord. 2018-380-E , § 2)